State which is a correct statement of the following.

A. Cashless facility means no cash need to be paid by anybody to the care provider

B. Cashless facility means a facility extended by an insurer to the insured where payments are made directly by the insurer to the network provider subject to preauthorisation

C. In cashless facility treatment is free for anyone seeking medical care

D. Cashless facility means that payments are split between the hospital and the insurer

Answer: Option B

Solution(By Examveda Team)

Cashless facility means a facility extended by an insurer to the insured where payments are made directly by the insurer to the network provider subject to preauthorisation. Cashless policies mean that the health insurance company settles the bill directly with healthcare provider, whether a hospital or a nursing home.